The Expendables

How the middle class got screwed by globalisation

Jeff Rubin

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Paperback

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English

Scribe Publications
01 September 2020

Globalization; Social classes; Economics & Business; International trade; Economic history

A provocative, far-reaching account of how the middle class got stuck with the bill for globalisation, and how, even before the coronavirus, the blowback - from Brexit to Trump to populist Europe - was going to change the developed world.

Real wages have not risen much for decades. Union membership has collapsed. Full-time employment is beginning to look like a quaint idea from the distant past. Falling tariffs, low interest rates, global deregulation, and tax policies that benefit the rich have all had the same effect- the erosion of the middle class.

Bestselling author Jeff Rubin argues that all this was foreseeable back when major Western countries started to believe their own propaganda about free trade, and especially when they allowed China to exploit weaknesses in the trading system they devised.

The result, growing global inequality, is a problem of our own making. And solving it won't be easy if we draw on the same ideas about capital and labour, right and left, that led us to this cliff. Articulating a vision that, remarkably, dovetails with the ideas of both Naomi Klein and Donald Trump, The Expendables is an exhilaratingly fresh perspective that is at once humane and irascible, fearless and rigorous, and, most importantly, timely.

' A snappily written work.' -Fiona Capp , The Age

' Rubin leverages his firm grasp of geopolitics and economics to offer not only a primer on macroeconomics, but also on how globalisation - that is, the process of opening up international markets - has routed the middle class and propped up the elite.' -Winnipeg Free Press

'The latest from the author of Why Your World Is About to Get a Whole Lot Smaller continues his disruptive ways in this analysis of how the collapse of union membership and the near obsolescence of full-time employment is squeezing out the middle class ... Rubin is a fiercely independent thinker.' -NOW

By: Jeff Rubin
Imprint: Scribe Publications
Country of Publication: Australia
Dimensions: Height: 232mm, Width: 154mm, Spine: 26mm
Weight: 478g
ISBN: 9781922310217
ISBN 10: 1922310212
Pages: 304
Publication Date: 01 September 2020
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Active

Jeff Rubin is a world-leading Canadian economist. An expert on trade and energy, and former chief economist and chief strategist at CIBC World Markets, he recently served as a senior fellow at Canada's Centre for International Governance. His first book, Why Your World Is About to Get a Whole Lot Smaller, was an international bestseller, and since then he has written two other bestsellers, The End of Growth and The Carbon Bubble.